Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
INTEREST INCOME      
Loans, including Fees $ 75,717 $ 72,867 $ 73,169
Investment Securities:      
Taxable 8,095 6,317 5,224
Tax Exempt 1,052 866 633
Funds Sold 2,066 1,104 632
Total Interest Income 86,930 81,154 79,658
INTEREST EXPENSE      
Deposits 1,789 879 944
Short-Term Borrowings 82 148 59
Subordinated Notes Payable 1,634 1,434 1,368
Other Long-Term Borrowings 443 728 936
Total Interest Expense 3,948 3,189 3,307
NET INTEREST INCOME 82,982 77,965 76,351
Provision for Loan Losses 2,215 819 1,594
Net Interest Income After Provision for Loan Losses 80,767 77,146 74,757
NONINTEREST INCOME      
Deposit Fees 20,335 21,332 22,608
Bank Card Fees 11,191 11,221 11,278
Wealth Management Fees 8,284 7,029 7,533
Mortgage Banking Fees 5,754 5,192 4,539
Other 6,182 8,907 8,133
Total Noninterest Income 51,746 53,681 54,091
NONINTEREST EXPENSE      
Compensation 64,877 64,984 65,414
Occupancy, Net 17,837 18,296 17,738
Other Real Estate Owned, Net 1,135 3,649 4,971
Other 25,598 26,285 27,150
Total Noninterest Expense 109,447 113,214 115,273
INCOME BEFORE INCOME TAXES 23,066 17,613 13,575
Income Tax Expense 12,203 5,867 4,459
NET INCOME $ 10,863 $ 11,746 $ 9,116
BASIC NET INCOME PER SHARE (in dollars per share) $ 0.64 $ 0.69 $ 0.53
DILUTED NET INCOME PER SHARE (in dollars per share) $ 0.64 $ 0.69 $ 0.53
Average Basic Common Shares Outstanding (in shares) 16,952 16,989 17,273
Average Diluted Common Shares Outstanding (in shares) 17,013 17,061 17,318